Centre provides Rs 2,303 crore to Andhra Pradesh to bridge Fiscal Year 2015 resource gap

An amount of Rs 1,803 crore was released on Wednesday, while Rs 500 crore was provided earlier as an ad-hoc grant, the Finance Ministry said in a statement.

The government has "decided to provide financial support of Rs 2,303 crore to Government of Andhra Pradesh to bridge the resource gap of the Financial Year 2014-15", it added.

Last year, Andhra Pradesh was bifurcated to create India's 29th state Telangana. Earlier this week, the Finance Ministry had said it had provided Rs 1,500 crore as a budgetary support to Andhra Pradesh for forming its new capital city.

This included Rs 1,000 crore for support to essential amenities for the new capital of Andhra Pradesh and another Rs 500 crore exclusively for construction of Raj Bhavan, State Secretariat, State Assembly and High Court.

The budgetary support was in consonance with Andhra Pradesh Reorganisation Act, 2014, under which the Government of India had agreed to provide special financial support for
essential facilities for the new Capital of Andhra Pradesh including construction of Raj Bhavan, State Secretariat, State Assembly and High Court, among others.

Find Latest News from Latest India News

Centre not providing UP its due share of funds: Shivpal Yadav

In the event of Third Front coming to power after the Lok Sabha polls, there would be no dearth of funds for Uttar Pradesh, he said at a function to dedicate the lower Rohini project in Madavara block in Lalitpur to people.
 

"The Congress-led UPA government is not providing the state its share of funds due to which a number of development projects have been adversely hit," said Yadav.
       
Stressing on conservation of rain water for providing irrigation facilities in this water-scarcity hit area of Bundelkhand, he said 15 new dams would be constructed in the region for the benefit of farmers.
   
Shivpal said that the previous Samajwadi Party government had started construction of dams but the subsequent Bahujan Samaj Party (BSP) regime did not pay any heed to it.
   
The construction of dams was underway and once these were completed, almost 40 percent land in Bundelkhand region would get irrigation facility, he said.

(Agencies)

Source: Latest News